what does this excerpt suggest about industrial growth during this period and its impact on international relations? The excerpt best reflects which of the following economic developments in the late 1800s? A The growth in support for government regulation of the economy.

The economics of regulation is known as regulatory economics. It is the utilization of regulation by government or administrative organizations for different purposes, including curing market disappointment, safeguarding the climate and monetary administration.

How does the government contribute to the economy's support?

The government does a few things to help stabilize the economy: (1) it provides the legal and social framework within which the economy operates; (2) it maintains market competition; (3) it provides public goods and services; (4) it redistributes income; (5) it corrects for externalities; and (6) it takes some actions to stabilize the economy.

What exactly is government economic expansion?

The ratio of people's income to the prices of what they can buy is rising as a result of economic growth, which is measured as an increase in real income. People become less poor as goods and services become more affordable.

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